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[–] 10988478? ago 

You can hold money in your hand. That's not why it's worthless. Inflation makes it worthless. And inflation is not reserved to fiat currencies alone.

Gold is only valuable because it's relatively rare. And difficult to mine. If somebody would find a new, easy source for gold, inflation would set in, the same way as with fiat currency.

Gold inflation has happened before. Just right after Columbus returned from America with ships filled to the brim with the stuff. The price of goods in gold went up.

Cryptos are rare and difficult to mine. Their number is finite. Once all bitcoins have been found, there will be no more, holding their value indefinitely. They have problems, of course. But their backing is not one of them.